Overview of WingSwap’s features
As earlier mentioned, WingSwap is a decentralized exchange built on the Fantom Opera chain that allows platform members to provide liquidity and create a market for others to exchange their original tokens.
Apart from this, the platform is created with multiple unique features such an exchange, NFT marketplace where users can buy and trade NFTs. With this, WingSwap is set to change the narrative and redefine the DeFi industry.
WingSwap is the AMM-based Decentralized Exchange on the Fantom Opera network and it is designed to exchange one token for another directly, bypassing trading platforms and other intermediaries.
When a liquidity provider makes a deposit of their token into Liquidity Pools, they will receive LP token and a share of the transaction fee.
Supplying liquidity to the pool is equal to having a derivative which represents the supplier’s contribution in the liquidity pool.
Yield farming is one of the core features of WingSwap. It allows users to earn WIS while supporting WingSwap by farming LP tokens.
The farming rewards will be very attractive in the early stages to attract liquidity to the project. However, it will gradually decrease over time and stabilize.
WingSwap will have a suitable lock and unlock mechanism to ensure the benefit of users.
Staking serves crucial purposes. It keeps the network safe since the platform uses a proof of stake consensus and it allows users to earn passive income. Interestingly, the more they stake, the more they earn.
That’s right, stake WIS for high yields. It’s just that simple.
There will be two stake pool types: Regular Stake and VIP Stake
In order to minimize Impermanent Loss while keeping an attractive return for users, WingSwap offers Stablecoin Pools — where users can minimize the risk of participating in farming activities.
At launch, WingSwap will provide the following Stablecoin pools:
USDC — FUSDT
USDC — DAI
As pointed out earlier in this treatise, we have designed WingSwap with NFT functionalities to create a novel, better and more appealing competitive advantage to our users. There are two types of NFTs in the WingSwap collection: Wings NFT and Ship Booster NFT.
DEX Smart Trading
DEX Smart Trading is the next step in the development of WingSwap
To serve the trading needs of users, DEX Smart Trading on WingSwap platform offers a convenient trading experience like CEX with Oder list, Price chart and Limit order. Now, users can trade like a traditional exchange on a decentralized exchange (DEX).
WingSwap DAO enables holders of WIS to vote on proposals submitted by both users and the WingSwap team. We aim to build a fully decentralized project, which involves the DAO (i.e. decentralized autonomous organisation) votes and decides on proposals shaping the platform’s future; which could range from implementing new strategies to changing rewards parameters.
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We envision an ecosystem where fast, easy, and affordable decentralized finance products and services that meet the needs of users are delivered in a timely, responsible, and sustainable way.
Apart from this, we project a platform that will be the forerunner of all DeFi products and use cases in the nearest future and easily accessible assets with more use cases that will drive adoption, increase demand and value.
🚀✈️ Hope that we can fully experience this journey together! 🚀✈️